a bit dumb but i know youll help - Correlation Question

[nestesgesrNor24]

Try here

http://www.mataf.net/en/tools/correlation-table

[Ccbbcc]

Thank you steve
10 percent is currently 20 percent

cheers
good fortune


significance was the term I couldnt recall--a lot of birthdays

[essuraCTSis]

But I am newbie, can anybody answer my query.
In the event the foundation of one currency going up, and quote of down it
Then what happen to other foundation on other currency?

Example:
USD/xx when up, subsequently xx/USD down

Then what happen to
GBP/xx ?
EUR/xx ?
NZD/xx ?
AUD/xx ?
CAD/xx ?
CHF/xx ?
NOK/xx ?
SEK/xx ?
SGD/xx ?

Hope somebody can help me

[desvudbN91]

Sorry, I'm newbie, can anyone answer my query. If the base of a single currency going upward, and quote of down it Then what happen to additional foundation on additional currency? Example: USD/xx when upward, then xx/USD down what happen to GBP/xx ? EUR/xx ? NZD/xx ? AUD/xx ? CAD/xx ? CHF/xx ? NOK/xx ? SEK/xx ? SGD/xx ? Hope someone can help me

It is not feasible to supply you with a straight answer! Because, different trading pair means story.

[esboSvuxxesSakges]

quote It#8217;s impossible to supply you with a direct answer! Because, different trading pair signifies different story.

Agree.

Is correlation vital? I believe that it's far better not to care much about correlation. Analyze your pairs, should you see a really good signal, enter. If more than 1 pair indies a signal, enter only ONE of them which has the strongest signal and overlook the rest.

Edit: it's important to enter just 1 pair if you examine several pairs. In case you enter more than 1 pair and one goes to wrong direction there's a risk all pairs (and for that reason your positions) goes wrong due to correlation. This applies if you trade long time frames. I understand how well correlation works for shorter time frames.

[ASges53]

quote Agree. Is correlation important? I think it's better to not care much about correlation. Assess your pairs, if you see one good signal, enter. If more than one pair shows a signal, enter only ONE of them which has the strongest signal and overlook the rest.

Absolutely correct, described

[EsSoxesndor7855]

Correlation are significant (in my opinion). They can help you time trades and give you an idea on when to exit trades.

The important issue to remember is a correlation is great until it ai not.

https://www.oanda.com/forex-trading/...cy-correlation

[Ccbbcc]

Which pairs operate along with every other
I've forgotten in regard that when eur/usd is rising which pairs are rising in tandem and which reverse that tendency
all pairs drop to these mounts,, so to try to quit taking opposing positions and blowing off my foot off --could someone please assist

I know its basic of basic but....

thank you